steve forbes, rich, elizabeth, mike, rick and joining us for the first time steve. good to see you. all right. >> the tasy inspector general just last august found $67 million in money missing at the irs that was meant to enforce heah carereform. that was about 15% of the irs's budget for health care reform at that time. we know the health reform bill is loaded with 46 new taxes and new demands on the irs. the irs aocate says the tax code is designedo entrap. we get it. the irs itself as a steward of taxpayer money has not performed so great when the gao has audited the irs. >> nobody knows the irs better than she. she also uncovered this video or brought it to our attention the video of the irs people starring in "star trek" uniforms, i mean we don't want to spend our tax money for more of this junk, do we? >> no. but i think that's really getting off the point. we need to be more fair and balanced here. yes part of this money they are asking for will go the job congress gave them which is enforcing the health care law, but that's not the sole reason. congress has been cutting the

the conservative, steve forbes of forbes media. you have some libertarian leanings, but conservative i would callll you. historian, carl richard is the next expert on rome. matt, you first. >> i think we are. i think the parallels are quite ominous. the debt, the expansion ofe foreign policy, the arrogance o executive power taking over ourl country. but i do think we have a chance to stop it.f >> carl? >> i think there are similarities not only with thepi fall of the empire, which is what most people talk about when they talk about the fall of rome, but also the fall of the republic, which was 500 years earlier. there i see romans engaging in unconstitutional acts, political leaders and so on and i see some of that. >> unconstitutional acts like stuffing ballot boxes, corruption? t >> that did happen, sort of, ani that's bad obviously. but it doesn't bother me as much as the overt things. for instance, mayorious was collected counsel six years in a row, even though under the constitution, it was term limited to one year. and people

steve forbes, forbes media chairman and editor-in-chief who had a thing or two to say about bailoutsyears. john, first to you, this is incredible deal for fiat. fiat wanted 100% of it for a while. we just put up a graphic, i think we can put it up for our viewers this is how much u.s. taxpayers paid, $12 billion for chrysler bailout, various forms to either bailout detroit it has been said or bail out u.s. auto companies but look how much fiat paid for chrysler? got 20% for nothing. next 3.5%, 2.2 billion. final payment for 100% stake, 4.35 billion, but they're getting money from chrysler itself which cuts down their actual payment to 1.7 billion. so they total, they paid for this company, was 3.9 billion. that's about 1/3 of what the taxpayer paid. i mean, this is an amazing deal for fiat. >> and it is actually even less than that when you consider they're paying 4.35 billion to the to the uaw. not to the taxpayers. , what they're paying for the final stake. which, uaw is a fellow bailout recipient. so, yes, we literally gave the obama administration, literally gave chrysler a way t

steve forbes, rich karlgaard, elizabeth macdonald, john tamby, rich. here we go but in spade >> 2014 will be a train wreck. you have a 40 million americans who work for companies with 100 employees or fewer. aetna ceo says the premium for the workers will go up 20 to 50% in the course of 2014. even the government's own health and human resources says that up to 80% of those workers could lose their coverage. >> yeah, that was actually based on an i.r.s. report. they were using information from h.h.s. rick, onically, a lot of the letters that are going to go out to the small plans are going to happen in octob. just before the election. that is dangerous for the democrats. >> it's actually interesting. a couple of fast rrectis. they won't lose the coverage, they will see the coverage change. it has to because of the requirements of the law. >> exactly. >> however, i'll make a prediction for you. a surprise prediction. keep something in mind. individual insurance, the insurance companies have wanted out of that business for years. they don make money. sma

the conservative, steve forbes from forbes media. you have libertarian leanings, but conservative, i would call you. the historian, carl, an expert on rome. the libertarian, matt kibbe of freedom works, a group that fights against big government. matt, you first, are we becoming rome? >> i think we. i think the parallels are quite homino ominous, the denbts, the arrogance of executive power taking over our country, but i think we have a chance to stop it. >> carl? >> i think there are similarities not only with the fall of the empire, which is watt most people talk about when they talk about the fall of rome, but the fall of the republic, which was 500 years earlier. there i seen romans in unconstitutional acts? h >> like stuffing ballot boxes? >> that did happen, that's bad, obviously, but it doesn't bother me as much as the old things, for instance, mary was elected counsel six years in a row even though under the roman constitution, it was term limited to one year. and people kept voting for him. they knew it was unconstitutional,

steve forbes tells us what he thinks this is really about. martha: she testified about obamacare's failures under oath. but what is kathleen sebelius telling the truth? why key republicans say sebelius could face perjury charges. >> -- merck shell snyder is the one responsible for this debacle? >> well, excuse me, congresswoman, michelle snyder is not responsible for the debacle. hold me accountable for the debacle. i'm responsible. >> okay. angie's list definitely saves me time and money. for over 18 years we've helped people take care of the things that matter most. join today. and shift through all eight speeds of a transmission connected to more standard horsepower than its german competitors. and that is the moment that driving the lexus gs will shift your perception. this is the pursuit of perfection. getting the right nutrition isn't always easy. first, i want a way to help minimize my blood sugar spikes. then, a way to support heart health. ♪ and let's not forget immune support. ♪ but now i have new glucerna advance with three benefit

i think steve forbes is a perfect example of this. the epitome of the wonkish geek. is this unfair? >> you are sounding like my own po opponent. i didn't expect that from you. let's face it the people that make things happen you can describe our forefathers and revolution narp res in the same way. they are always the minority. say something wrong go out and persuade agitate tors and change the world. we have done it once we are holding go to do it again. we are going to be the leader. you have all people should know don't look at the superficial. look at the substance. we have the substance that's why we are going to ultimately win. >> i admire that. this is the optimism that makes america possible. what about my libertarian slur? people would say this is not a normal guy when they see your side burns. >> definitely guilty as charged. >> you go to a thousand of these meetings, are the people different? how? oo ewe are different because we have red books and we care about -- (cheers) but social awkwardness is not a sin. it is a defensive liberty. >> i am socially awkward, too. i over

and steve forbes and sandra smith are here for the whole hour. steve, i'll begin with you.s been 835 days since we've had say a 10% correction. it feels like this is as vulnerable as the market. >> if you had a double nasdaq up 38%, a pause that refreshes, i don't mind. i think barring a foreign policy crisis, which is a very real possibility this year, this market should do just fine. the fact is-- >> where do the policies crisis come from? it feels like that -- we've got some issues and hot spots, where could we get a black swan event in foreign policy? it's not black swan, it's in the middle east. israel, hezbollah as never before. israel has to make a decision soon what if anything about iran and the shiite civil war going on over there. bad stuff. so you can get a real blowup there. charles: sandra you're more in line with tres knippa in the sense that fed policy, a shift in fed policy makes the market more vulnerable than the past couple of years. >> we didn't see the selling until the fed said taper. i think that the stock market rally is closely tied to the fed's po

we've got chicago mayor rahm emanuel teaming up with steve forbes, and they're sharing their plan tothe next hour right here on "squawk box." check out the futures ahead of key market-moving data. december producer price index coming at 8:30 eastern time. we're coming right back. mine was earned orbiting the moon in 1971. afghanistan, in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. >>> reinventing america. chicago mayor rahm emanuel informs media chairman steve forbes joining fours ining for good of the country. a summit to discuss job creation. we get their ideas on getting america back to work. >>> markets rebound. can good economic news keep the markets moving higher? today's producer price index will be a test for investors. the numbers

welcome to "forbes on fox" in focus with steve, elizabeth, sabrina, rick and john. steve, stop all bailouts. >> dav, it's got to be done, but sadly it's not going to be done this ye. this resolution will be violated. the insurance companies are in bad shape. one of the reasons why. and they have this thing called risk in that crazy legislation will give the government the discretion in their view to give money to keeps they think need it. >> didn't we find out with the auto bailout, fiat buying all of chrysler they don't work as they originally plan to. >> let's make a separation here. i think -- i'm not quite on board with what you're all saying about the potenti for bailouts in the health insurance law. the risk corridors were programmed in, built in, there are rules governing how they may or may not be used. i am however, kind of with you, kind of with you on the fiat thing. i don't mind that we bailed chrysler out, i think it saved a whole lot of jobs all the way down the chain, but there should have been a provision in th deal that called for the taxpayers to b

steve "forbes" and arkansas knee weigh in. the end of the day, it's all about "money." >>> from the u.s. every corner of the globe money has been flying around the world today. starting in the u.k. where british millionaire is angering women everywhere. he asked his ex-wife to work for for him. the woman said she and her exlived together for years after separating. until he moved in the new girlfriend. that's when he asked her to stay as the maid. in the end she demanded and got a $10 million settlement? more to that story. good for her. >>> over to china, a man used the first-class plane ticket to scam the airline out of free meals for a year. he bought a fully refundable first class ticket and had the first class lounge from every day. and he would rebook it and come back and do it all over again. when the airline caught on after 300 days, he returned the ticket and got a full refund. i think it's gene use. i don't know how i didn't think of that. you still have to go to the airport. >>> and landing in russia sochi winter ol

go in focus with steve forbes, richkarlgaard, elizabeth macdonald, john tay, rick unger and mike ozaan. how do we get back on track? >> cut welfare benefit not out of cruelty but o of compassion. there is nothing more life affirming than having a job but if you know the federal government will send you a check either way, less urgency to go out and find a job or adjust your wage demands to new realities. it's ultimately welfarserves as a work deterrent in the antieconomic growth after that. >> emac, the point is after the reforms, in the clinton era,he republican and democratic reforms we had a massive decrease in the number of welfare applicants and the case load plunge from 12 million in '96 to 5.9 million. more than half. good effect. we're going in the opposite direction. >> i hear you. i don't like what the administration is doing in terms of the band aids because it's their jobs policy and the economic policies that are really a ceck on the job growth in the united states. listen, i would say don't cut food stamps. what about the single mom with the child? she needs fo stamps and

steve forbes, rich karlgaard, elizabeth macdonald, john

to steal a line from steve forb, global warming is a massive human delusion, it's left wing hubris at its worst. solyndra would be booming today and exxon mobil would be going out of business. ultimately we have to ask, do we believe the free markets or al gore? and market signals say that this is a big economy sapping waste of time. >> time to put this waste of time and money on ice. >> well, you know, we -- you know what's terrible, we've spent a lot of money, right? what was it you were saying at the break, $9 billion? >> $26 billion in the stimulus alone on climate issues. >> and $7.5 billion on foreign climate change issues. there's a lot of pollution in the world. that is terrible. china consumes more coal than all the other countries combined. i think if utilities are continuing to do methane and carbon capture that's a great thing. stop pollution in the world. >> sabrina, go ahead. >> i don't think the american people think this is a serious issue anymore. the pew research cter finds people always think of global warming or climate change is the bottom of their priorities. thi

within 10 years they went from 7% to 70% that is why i have always believed that steve forbes had itght to go back with all the deductions and loopholes and make it as simple as possible. but don't create all of these special interest groups. >> the people most opposed to the flat tax, it is people who are against it and probably from washington. the bricks in london were paying 20%. it is expensive. i like to percent rather than 18%. [applause] john: to be clear, we are at 40% for state and local. >> that is right, we function fairly well beyond that. the reason the bitish attacks in 20% is because they are running an empire the one coming up, when government can't raise taxes anymore. they find other ways, like devaluing the currency. but it didn't work out so well for rome. that is comingp next [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bact

dagen: joining us now, steve forbes. welcome. that may be the case, but this fisher has opened chris christie's reputation. democrats in his own state and nationwide will make sure it gets bigger and bigger the closer you get to a possible presidential run. >> even if you have nothing new to report, you keep repeating it which a stark contrast to the cover the irs scandal not to mention other scandals. he has to just ride through the storm, he has a chance now to start to begin to get his own agenda out there. he has state of the state where he can propose things to legislature, get on that. next year if he decides to run coming up with a positive program, i'm the kind of guy who gets it done, let's start to change the narrative. right now just pray to the fact they will be after him. you really can't get him, they will try to tarnish him. connell: there are reports of other issues the governor will have to deal with. >> that is part of the thing, throw a lot of investigations out there, see if something sticks. connell: as we ha

many years ago you quote him in the book saying about his relationship with steve forbes, one of many republicans he advised what i do in my private life is my business period. does it matter what his personal views are about say president obama or about illegal immigrants? >> of course it matters. i'll tell you why. i went into this process trying to write a book about fox news, wanting to write a book about fox news. i realized early on into my reporting that the story is not fox news. the story is roger ailes. the network is a complete expression of his world view. roger ailes -- >> the roger ailes' channel. >> yes. roger ailes said you know what, i built this network from my life experience and it's true. in the 8:00 a.m. meeting and in the regular meetings with his executives he monologues about his experience with post-war history and they absorb his world view and everything flows from roger ailes and radiates through that organization. you cannot write about fox news and it does matter what his views are because it ends up on the screen in various forms. >> you know, i think a

security taxes and turn the social security tax into a flat tax you know that thing that like steve forbes runs around talking about a flat to x. so rupert murdoch pays on every dollar he earns just like the guy who works at a bottle is. with me for tonight's big picture politics panel or tim cavanaugh executive editor the daily caller nate sweet progressive commentator and he knew some member of the national advisory board for the project twenty one black leadership network thank you all for joining thanks to you know it all so you just heard my rant about social security conservatives love flat taxes social security if it were a retirement program and the retirement benefits were limited if it was just a pension i could see limiting the income but fully the third of all social security payments are made to people who are not retired their they widows or of rooms disabled people this is really a national social but those are limited to no those are limited to merson meyer is not. going to get any more out of social security than anybody else is that's because social security is that it's

chicago mayor rahm emanuel, and steve forbes.day. >> mm-hmm. >> more "squawk" next. so ally bank really has no hidden fees on savings accounts? that's right, no hidden fees. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. [ male announcer ] this is kevin. to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [ male announcer ] we'll be with him all day as he goes back to taking tylenol. i was okay, but after lunch my knee started to hurt again. and now i've got to take more pills. ♪ yup. another pill stop. can i get my aleve back yet? ♪ for my pain, i want my aleve. ♪ [ male announcer ] look for the easy-open red arthritis cap. >>> it is a second trading day of the new year, and we're looking a little better premarket than we did yesterday. how about some individual picks that might work out?

four presents a candidate steve forbes will talk to us about how much this might hurt christie come 2013list of retailers who customers have had their personal information compromised when they are using. that story. general motors making the rounds of the detroit auto show. and the big story, alex rodriguez firing back. another lawsuit to try to stop his suspension from madeley baseball. his attorney will be with us in the studio this hour. coming up on "markets now."

we talk about it on this show, steve forbes talked about it. the conservative side actually make the moral case, liberals always try to cast their socialist policies in a moral -- and emotional -- stuart: welcome. >> young people hate poverty. best way to eradicate poverty is a free-market capitalism, raising standard of living and if you look at the iphone, we started to get cellphones when they were huge nextel razors, in our lifetime we have seen innovation and i phones and young people are like my standard of living did get better because of trade and capitalism and innovation and that is the way to reach out to younger people. stuart: remember -- >> this big, my dad had one. got to punch it in but now everything, the cds, all in one device is revolutionary. stuart: when i went to college there was no such thing as a computer, a fax machine, a cellphone. that was what it was like in my day. >> for all those things, that is the message. stuart: did he caput off nicely? welcome back, good to see you. wait for it. the ghost ship adrift in the

this is like me hopping up on jack lalanne's most fit list, steve forks "forbes" saying oh, man. >> estoniander communism, they get a freedom, flat tax, and krugman. neil: do you remember that. >> for not being keynesian enough, they their high-tech center, skype came out of estonia. neil: they used us as a model. >> thhy took what we said seriously. neil: that we value these but we don't, but 12 on the list that is a damning statement. >> well, what is bad is the direction, for example national debt, not the debt, per say, bad though it is. it is the trend. we're not really getting a grip on it. you see it in regulations, thousands of pages, of regulations, but they, those rules and regulations are written in vague language, that means bureaucrats decide what they mean that goes against the rule of law, blunt truth is if they want to get you, they can. they can find something, you have done and you didn't know you violated the rule they can get you, so smaller banks, smaller businesses, why have we not have a job creation? it is hard for small businesses, new businesses to get credit they

steve forbes joins us on that. we'll see you at the top of the hour. on the u.s.s.neration to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former miliry members and their families is without equal. begin your legacy. get an au insurance quote. usaa. we know what it means to serve. >>> this is a fox news alert out of afghanistan. moments ago, a spokesperson for president hamid karzai announcing that country will release 72 prisoners accused of willing -- killing or wounding u.s. and coalition troops. the reason? they don't have enough evidence to prosecute them. the move bound to cause controversy today with u.s.-afghany near ago breaking point. we will keep you posted on that. >> it was 50 years ago that president johnson declared a war on poverty in the state of the union address and trillions of dollars in federal spending later, president obama remains focused on closing the growing gap between the rich and the poor. >> the combined trends of increased inequality and decreasing mobility pose a fu

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forbes on fox." go in focus with steve

steve jobs. don't forget it. liz: don't forget "forbes on fox" on fox news. since the state of washington raised its minimum wage, already the governor wants to do it again. will the wage wars ever end? the mayor of sea-tac is here to fight for us. when we say it is not, it is always about money. >> minimum wage should be renamed starter wage because that's what it is. >> people should be paid appropriately for the kind of work they do and for the number of hours they work. >> people working with, they deserve a raise. >> i worked in fast-food. i worked in mcdonald's when i was 16. it was what it was. you don't generally have a

steve: oh, my god. >>> hilarious. check this out, "forbes released its 30 under 30 list to spotlight the most successful young stars. if you're not familiar, it's the list that make people under 30 aspire to do more and people over 30 to feel terrible about themselves. [ light laughter ] and finally, gosh, this made me laugh, "the price is right" today, drew carey, he's so funny. so on today's "price is right," one of the contestants got a little too excited when she won. check this out. >> how much are the paddle boards? >> okay. >> $2,960. congratulations. [ cheers and applause ] ♪ >> oh. >> jimmy: it got weirder. it got weirder when he was like "higher, lower, lower, high, no, lower, yeah, right there, right there." [ light laughter ] didn't know the paddle board came with a free trip. we have a great show tonight. give it up for the roots, everybody. [ cheers and applause ] ♪ >> brother damn you, your kung fu's pretty good. you must be from shaolin. [ beatboxing ] ♪ i am optimus prime. thank you for your cooperation. [ cheers and applaus

steve jobs. don't forget it. liz: don't forget "forbes on fox" on fox news. melissa: it has been 2 1/2 whole weeks since the state of washington raised its minimum wage, already the governor wants to do it again. will the wage wars ever end? the mayor of sea-tac is here to fight for us. when we say it is not, it is always about money. >> minimum wage should be renamed starter wage because that's what it is. >> people should be paid appropriately for the kind of work they do and for the number of hours they work. >> people working with, they deserve a raise. >> i worked in fast-food. i worked in mcdonald's when i was 16. it was what it was. you don't generally have a lost skills. melissa: brace for impact. wage rage may be about to hit washington state twice whether you agree with the ongoing wage wars or not. this takes it to a new level. despite a minimum wage hike two weeks ago on january 1st, despite having the highest minimum wage in the country, at $9.32 an hour, washington state wants to raise it again. sea-tac's mayor who supports the second spike join

forbeing the wealthy to pay that. i can't recall in what version that first surfaced. talking started off about the article that was in the "washington post" by steve pearl pearlstein that showed you sitting in your garage. why was that? work?t where you guest: that is where i work a lot of time. it is quiet. it has a nice view. i like the fresh air. where i find myself working. with wireless now you can work anywhere. some of the best sources for you when you are trying to analyze things? going through the data of the i.r.s. they have lots of data. department has lots of department. companies themselves provide a lot of data. it is difficult to go through it, not everybody looks at so it can be a full-time job. a t: he says that you are great one to look at footnotes in corporate documents. guest: well, that is where the action is. host: why? firms, in their corporate reporting, purport ost of the details in -- put most of the details in the footnotes. so if you want to know what is going on with cisco, g.e. or first place you want to look is the income tax footnotes. say that d you everybody involved in paying, that has to pay tax, works at to hi